-

Maurel & Prom: Update on Venezuela

PARIS--(BUSINESS WIRE)--Regulatory News:

Etablissements Maurel & Prom S.A. (“M&P”, the “Group”) (Paris:MAU) wishes to provide an update on its activities in Venezuela.

On 13 February 2026, OFAC issued General License 50 (“GL 50”) authorising certain international operators to resume oil and gas operations in Venezuela. M&P is not currently included in the list of entities covered by this general license. The Group notes this development as a constructive step and remains actively engaged with the relevant authorities, with the objective of obtaining an authorisation as soon as possible.

Operationally, activities on the Urdaneta Oeste field, operated by Petroregional del Lago (“PRDL”), in which M&P Iberoamerica holds a 40% working interest, are running satisfactorily. Gross production averaged approximately 21,000 bopd in January 2026 (8,400 bopd net to M&P Iberoamerica). Teams are ready to initiate the next phase of field redevelopment once the appropriate regulatory and commercial framework is in place.

M&P also welcomes the recent reform of Venezuela’s hydrocarbons framework and associated fiscal terms, which enables an accelerated development aimed at maximizing production, while enhancing operational autonomy and support investment in the sector. The Group believes that a stable and predictable environment will contribute to unlocking value for all stakeholders.

For more information, please visit www.maureletprom.fr/en/

This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By their very nature, forecasts involve risk and uncertainty insofar as they are based on events or circumstances which may or may not occur in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production rates and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

Maurel & Prom is listed on Euronext Paris
CAC Mid & Small – CAC All-Tradable – PEA-PME and SRD eligible
Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA

Contacts

Maurel & Prom
Shareholder relations
Tel.: +33 (0)1 53 83 16 45
ir@maureletprom.fr

NewCap
Investor/media relations
Tel.: +33 (0)1 44 71 98 53
maureletprom@newcap.eu

Maurel & Prom

BOURSE:MAU
Release Versions
EnglishFrench

Contacts

Maurel & Prom
Shareholder relations
Tel.: +33 (0)1 53 83 16 45
ir@maureletprom.fr

NewCap
Investor/media relations
Tel.: +33 (0)1 44 71 98 53
maureletprom@newcap.eu

More News From Maurel & Prom

M&P Included in OFAC’s General License 50A Related to Venezuela

PARIS--(BUSINESS WIRE)--Regulatory News: Etablissements Maurel & Prom S.A. (“M&P”, the “Group”) (Paris:MAU) is pleased to announce that it has been included in General License 50A (“GL 50A”) issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) on 18 February 2026. GL 50A replaces and supersedes GL 50 in its entirety and expressly lists M&P among the limited number of authorised entities. GL 50A authorises the entities listed in its annex, includi...

Maurel & Prom: Co-Opting of a New Director and Appointment of an Observer

PARIS--(BUSINESS WIRE)--Regulatory News: Maurel & Prom (Paris:MAU): The Board of Directors today acknowledged the resignation of Ms Carole Delorme d'Armaillé, director, Chair of the Audit Committee and member of the Appointments and Remuneration Committee. The Board wished to thank Ms Carole Delorme d'Armaillé for her commitment and contribution to the work of the Board and its committees throughout her 13 years of service. The Board of Directors co-opted Ms Dian Andyasuri as an independent...

Maurel & Prom: Pre-emption Notice Received in Relation to the Proposed Acquisition of Interests in Blocks 14 & 14K in Angola

PARIS--(BUSINESS WIRE)--Regulatory News: Etablissements Maurel & Prom S.A. (“M&P”, the “Group”) (Paris:MAU) announces that it, together with its partner BW Energy Limited (“BW Energy”), has been informed by the seller Azule Energy Angola B.V. (“Azule Energy”) that one of the existing joint venture partners in Blocks 14 and 14K in Angola has notified its intention to exercise its pre-emption rights in relation to the transactions contemplated under the Sale and Purchase Agreement (“SPA”)...
Back to Newsroom